DIA Insights
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DIA Insights

Hello Velas: DIA’s Oracles are Live on the Velas Blockchain

We are thrilled to announce that DIA’s open-source oracle infrastructure is integrated with Velas, the next-generation decentralised EVM-based blockchain solution.

The Velas blockchain is a third-generation smart contract platform that offers compatibility with Solidity and the Ethereum virtual machine. Velas provides full EVM and Solidity support with fixed low-cost gas fees, short block times and a speed capable of achieving 75.000 transactions per second, therefore not only competing with traditional EVM blockchains but also their layer-2 scaling solutions. The Velas blockchain has the throughput needed to facilitate and scale the thriving Metaverse and Web 3.0 ecosystems better than any other blockchain.

By combining the best aspects of Ethereum and Solana the team hopes to create a competitive solution for the next generation of decentralised blockchains. By employing an AI-powered decentralised Proof-Of-Stake (AIDPOS) consensus mechanism Velas tries to solve all of the issues first-generation blockchains like Ethereum are facing.

We are delighted to announce that DIA has integrated its open-source oracle infrastructure with the Velas network. DIA’s end-to-end oracle services are now available for builders on the Velas blockchain, fostering the safe development of DeFi and GameFi decentralised application on the network . This integration will enable DIA to easily deploy customizable price oracles for 2k+ digital assets, 18k+ NFT collection and 20k+ traditional financial assets.

Velas Head of Business Development says:

“Velas is excited to have such a major player like DIA contributing to the network. Having oracle support from DIA will ensure that the developers working in our ecosystem have a reliable gateway, and we are certain DIAs contribution to the network will have a positive impact.”

To provide such a comprehensive range of price feeds, DIA’s community of developers scrape data directly from a wide variety of on-chain sources (DEXs, NFT marketplaces, DeFi Protocols, etc.) and off-chain sources (CEXs) at individual trade levels. This granular approach allows DIA to leverage the broadest possible set of sources, ensuring maximum coverage of asset price data and feed reliability. Currently, DIA is fetching data from 65+ data sources. As a result, any asset that is publicly accessible can be sourced, regardless of whether it is listed on exchanges and what its trading volume is.

Michael Weber, DIA Co-Founder mentions:

“We are thrilled to enter the Velas ecosystem by integrating our open-source and transparent data and oracle infrastructure with Velas new blockchain. Developers will be able to natively access DIA’s broad set of data feeds for digital and traditional assets, as well NFT collections. We are overly excited to start collaborating with Velas native dApps and help them build the best products in an transparent and reliable manner.”

DIA’s open-source oracle infrastructure differentiates itself from other Web3 data solutions as it doesn’t rely on third-party data providers. With this system, DIA is able to meet any specific data and asset requirements a project may have while also providing users complete transparency on how the data feeds are made.

Velas network DIA Demo Oracle

Test the DIA demo oracle on the Velas network by interacting with the following demo oracle:

Note: DIA Demo Oracle contracts are not intended to be integrated into dApps. DIA deploys dedicated contracts for dApps, please request a dedicated oracle. Learn more about DIA demo oracles in the DIA Documentation.

Need a trusted oracle on the Velas network?

Request your custom price feed oracle in the Velas network by getting in touch with DIA’s integration team via Discord or by submitting a Custom Delivery Request on the Forum.

About DIA

DIA is a multi-chain, end-to-end, open-source data and oracle platform for Web3. The DIA platform enables the sourcing, validation and sharing of transparent and verified data feeds for traditional and digital financial applications. DIA’s institutional-grade data feeds cover digital asset prices, NFT floor prices, lending rates, FX rates and more.

DIA’s data is directly sourced from a broad array of on-chain and off-chain sources at individual trade-level. This allows DIA feeds to be fully customized with regards to the mix of sources and methodologies, resulting in tailor-made, high resilience feeds and thereby setting a new paradigm for oracles.

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DIA Core Team

DIA Core Team

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DIA is a multi-chain, end-to-end, open-source data and oracle platform for Web3. https://go.diadata.org/